Nikon 2009 Annual Report Download - page 10

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Review of Operations
Precision
Equipment
Company
The Precision Equipment Company faced diffi cult
conditions during the fi scal year ended March 2009. In
the IC steppers and scanners fi eld, the market contracted
sharply from initial expectations, with a widespread
scaling back of capital expenditure following the downturn
in global demand for semiconductor devices. In the LCD
steppers and scanners fi eld, despite brisk investment during
the fi rst half of the period, from the summer of 2008
demand for the large panels used in fl at-screen televisions
slowed suddenly, bringing stagnation in the market. As a
result, segment sales amounted to ¥219,915 million (down
24.4% year on year), with operating income of ¥8,041
million (down 81.5%).
KAZUO USHIDA
Director, Member of the Board and
Senior Executive Offi cer
President of Precision Equipment Company
8 Nikon Annual Report 2009